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5-Unit Mixed-Use Property
New
For Lease
$1,499,000

149 Elmora Ave, Elizabeth, NJ 07202

Three apartments and two commercial spaces combine residential and business occupancy under one roof.

Space SizeContact for details
Days on Market3

Property Features for 149 Elmora Ave

General Information

Standard status Active
Property subtype Commercial
Listing Agency: RE/MAX SELECT - Montclair
Listed By: Richard Brito Benjamin () · License #2327380
Source: Fortuneluxuryrealty
Added: Oct 5 Changed: Oct 6 Last Checked: Oct 6 at 2:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX SELECT - Montclair

Investment Insights

Based on property information with market context.

At 149 Elmora Ave, this mixed-use property in Elizabeth contains five units: three apartments and two commercial spaces. All tenants have month-to-month agreements, allowing for flexible occupancy arrangements.

Elmora Avenue is surrounded by restaurants, banks, supermarkets, laundromats, shops, and other established businesses. The property is also near Newark Liberty International Airport, major highways, and public transportation, with Manhattan approximately 30 minutes away.

Key Highlights

  • Five units: 3 residential apartments and 2 commercial spaces
  • All tenants are on month‑to‑month agreements
  • Elmora Avenue setting among restaurants, banks, supermarkets, laundromats, shops, and established businesses

Property Analytics

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Current Use

Locker Room Couture (Bike/Boat/Book/etc) Store Union Multiservices Bank Vigo Bank

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Pet Store Veterinary Clinic Nursing Home Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,495
Businesses Nearby

Demographics for 07202, NJ

43,389
Population
15,866
Households
2.7
Avg Household Size
36
Median Age
13%
College-Educated
76%
High-School Grad
2.3 sq mi
ZIP Area
18,865
Density / Sq Mi
$68,071
Median Household Income
$40,505
Median Earnings
$1,508
Median Rent
$358,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Three apartments and two commercial spaces combine residential and business occupancy under one roof.
Where is this mixed-use property located?
The property is located at 149 Elmora Ave Elizabeth, NJ.
What is the lease rate?
The lease rate is $1,499,000.
What are key features of this property?
This property features: Five units: 3 residential apartments and 2 commercial spaces; All tenants are on month‑to‑month agreements; Elmora Avenue setting among restaurants, banks, supermarkets, laundromats, shops, and established businesses
More about this property
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